Business – Page 48 – Maravi Express – Your Kind of News. Clear and accurate.

TNM posts K10.05 billion net profit in 2024 full-year results

July 1, 2025

* The company navigated a challenging economic environment with strategic clarity and resilience * Projects a profit after tax of between K7.82 billion and K8.27 billion for the half-year ending June 2025 By Innocent Manda, MANA Telekom Networks Malawi (TNM) has posted a net profit of K10.05 billion for the year ending December 31, 2024, marking a significant turnaround after two consecutive years of losses. The figures are contained in TNM’s 2024 Annual Report released on June 28, 2025,…

US conspicuously missing as most significant player at 4th International Conference on Financing for Development in Spain

June 30, 2025

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* Amid President Donald Trump’s cancellation of more than 80% funding of USAID programmes in January * As the once-in-a-decade UN conference on development aid kicks off in Seville with at least 50 world leaders attending * To address global concerns, including hunger, climate change and healthcare led by UN Secretary General António Guterres Al Jazeera The United States — the most significant player of the United Nations (UN) International Conference on Financing for Development (FfD4) Conference — is snubbing…

Usi calls on development partners to invest in initiatives that support human capital development especially in the health sector

June 30, 2025

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Usi during the roundtable discussion in Seville today.—Picture courtesy of Malawi Government * Malawi would like to see advanced human capital expertise in the private and public sector to enhance capacity building * All countries are operating in difficult environments but financing partners must not forget the positive outcomes of supporting programmes which have a spill over effect on human capital development Maravi Express Vice-President Michael Usi has called for development partners to critically consider investing and financing initiatives…

‘No tobacco farmer would be motivated under a current declining price trend environment’—DCG Chief Economist Chifipa Mhango

June 30, 2025

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* According to RBM data that the end of April 2025, 20.2 million kgs of tobacco were sold at an average price of US$2.30 per kg — thus earning US$46.5 million as a country * This is a decline as last year, during the same period, average price of tobacco was US$2.66 per kg. We earned US$45.2 million from a lower sale of 17 million kgs * If this situation is not addressed, soon Malawi will even lose its…

Vice-President Usi arrives in Spain for 4th International Conference on Financing for Development

June 30, 2025

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* To deliver a national statement outlining Malawi’s policy positions on financing for development, challenges, and commitments * Towards advancing sustainable development financing, debt sustainability, and equitable economic reforms in line with the FfD4 objectives * As President p Chakwera returns from the 32nd African Export-Import (Afrexim) Bank annual meetings in Nigeria Maravi Express Vice-President Michael Usi has arrived in Seville, Spain where he is leading the Malawi delegation at the 4th International Conference on Financing for Development (FfD4),…

State-of-the-art Dedza/Calomue ‘One-Go Border Post’ that brings together all departments under one roof, ensuring effective service delivery

June 29, 2025

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* With its improved infrastructure, the border post will significantly reduce clearance timeframes, allowing cross-border traders and travelers to save valuable time Maravi Express The state-of-the-art Dedza/Calomue ‘One-Go Border Post, which was commissioned by President of Malawi, Lazarus Chakwera alongside his Mozambican counterpart, Daniel Francisco Chapo on June 6, brings together all the departments stationed under one roof, ensuring effective service delivery. Situated approximately 100km south of the Capital City Lilongwe, the Dedza border shares its north-eastern boundary with…

Malawians appealed to be wary of President Chakwera’s “so-called business deals” after latest ‘investment deal’ with Africa’s richest man Dangote

June 29, 2025

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* Over the past five years, President Chakwera has repeatedly announced grand investment deals supposedly secured during his many international trips * These announcements are usually made with pomp and optimism but time and again, they have failed to materialise into anything tangible for the ordinary Malawian By Duncan Mlanjira Canada-based Malawian economic analyst, Dr. James Kadyampakeni has appealed to Malawians “to be wary of Chakwera’s so-called business deals” after latest announcement that he has secured an…

Duo gets 14yrs imprisonment in Mchinji for vandalising ESCOM infrastructure

June 28, 2025

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Recently vandalised distribution line in Phalombe * This judgment sends a clear message that the justice system will not take such offenses lightly—police prosecutor, Sub-Inspector Martin Kuliyani * This is a welcome ruling that reinforces our call for stiffer penalties against perpetrators of vandalism—ESCOM publicist Pilirani Phiri By Duncan Mlanjira The amended Electricity Act of 2024 that was initiated to mitigate the rampant theft of Electricity Supply Corporation of Malawi ESCOM infrastructure has been enforced on two men in…

Chakwera condemns protest violence, orders swift action from state agencies

June 28, 2025

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Chakwera in Nigeria where he engaged with Alhaji Aliko Dangote, founder & president of Dangote Group * As President, I will be expecting a preliminary report from both the Ministers of Homeland Security and Defense upon my return * On his return, Malawi Law Society (MLS) will be expecting the President should address the petition it issued on Thursday * Demanding the immediately dismiss of Minister of Homeland Security, Ezekiel Ching’oma and Inspector General of Police (IG), Merlyne Yolamu…

Airtel contends that vandalism of its infrastructure ‘is no longer just a telecommunications problem; it’s a national security concern’

June 27, 2025

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* A toll-free hotline 460 for anonymous reporting and is exploring additional community outreach efforts to raise awareness * Airtel pledges to reward any credible leads that can help identify perpetrators of its infrastructure vandalism in order to bring them to book By Duncan Mlanjira Over the past few months, Airtel Malawi Plc has experienced a concerning increase in coordinated vandalism incidents targeting its underground and overhead fiber cables, a vital backbone supporting voice, data, and digital services for…